IRS to Let Taxpayers e-File Months Early: Yellen
7th November 2023
Taxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally planned under a new timetable for paperless taxpayer communications announced Tuesday by Treasury Secretary Janet Yellen.
“The impact will be significant and far-reaching,” Yellen says in a speech prepared for delivery at IRS headquarters in Washington, “and we’ll speed up processing times for the system as a whole.”
The IRS has endured decades of underfunding and been overloaded with paper documents that prevented the agency from processing tax forms at a faster pace. Yellen’s speech is intended to signal that the infusion of cash for the IRS over 10 years included in the Democrats’ Inflation Reduction Act is working.